They will only charge you the amount listed with no APR. My dear husband called and they are liars, and tricked him into believing he was getting a good deal. His money his problem. They are liars and rip-off artists. Telemarketing at its best.

I received twice daily calls from Alliance One collection agency. Give them no information. Ask THEM for information. All they had was my name and number correct, they ask for your social or address you DO NOT have to give them any of it. I was told the amount someone with my name supposedly charged on a Capitol One credit card on what date. Thanked them and then called capitol one's c/s number 1-800-258-9319 they did verify I never had an account and they had the wrong guy. They can't make them stop calling you however. FTC web address for your rights against collectors:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.shtm